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Douglas Carswell MP: How should we reform the banks?

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As Douglas Carswell MP reports, I will be supporting him next week as he introduces a ten-minute rule bill to begin reform of banking. As he writes: It’s the current system of scam banking that has given us today’s credit shortage. It’s the crony corporatism we have now that so damaged capitalist economies – bringing about a massive extension of state power. Under my plan, you would still have credit – but credit that was backed by real savings.  And by virtue of being backed by someone […]

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